Common use of Financial Status Clause in Contracts

Financial Status. Bidder must have an average annual turnover of Rs. 30 lakh during the last 3 financial years (Documentary proof like financial statement /Balance sheet from Chartered Accountant/ equivalent statutory authority to be submitted).

Financial Status. Bidder must have an average annual turnover of Rs. 30 lakh 300 Crore during the last 3 financial years (Documentary proof like financial statement /Balance statement/Balance sheet from Chartered Accountant/ equivalent statutory authority to be submitted).

Financial Status. Bidder must have an average annual turnover of Rs. 30 20 lakh during the last 3 financial years (Documentary proof like financial statement /Balance sheet from Chartered Accountant/ equivalent statutory authority to be submitted).

Financial Status. Bidder must have an average annual turnover of Rs. 30 35 lakh during the last 3 financial years (Documentary proof like financial statement /Balance sheet from Chartered Accountant/ equivalent statutory authority to be submitted).